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25 Fev russian girls

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24 Fev Could Atlantic City’s Boardwalk Also Catch Fire? This Has Numerous Times

Could Atlantic City's Boardwalk Also Catch Fire? This Has Numerous Times

This Atlantic City Boardwalk fire from November 2009 is only one of many that have actually plagued the tourist attraction over the years.

The last thing this New Jersey town needed was any proximity at all to yet another disaster with casino revenues already largely in the toilet for the majority of Atlantic City's land casinos, and the gambling town still recovering from last year's devastation caused by Hurricane Sandy which shut down many of the city's casinos for days. And with last week's horrific Boardwalk fire in the Seaside Heights area perhaps not directly attached to AC, but along the same 217-mile stretch of Atlantic shoreline that is frequented by many of the same tourists and locals one can't help but wonder if Atlantic City may also need an exorcist or to put bloodstream on its casino walls for the passover regarding the apparently ongoing plagues which can be being doled out from on high.

Or possibly, wooden boardwalks while charming whenever built 150 years ago are simply just not a safe building material in the contemporary globe. Fire professionals are, in fact, now saying the fire that is destructive to possess been an episode of arson, although the motivation is unclear.

More Damage after Sandy

Nj-new jersey's Governor Chris Christie, upon visiting the fire scene that destroyed many boardwalk buildings, referred to it being an 'unthinkable situation'. It took a lot more

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24 Fev Appeals Court Backs EPT Concord in Concord Associates Agreement Case

Appeals Court Backs EPT Concord in Concord Associates Agreement Case

A United States appeals court ruled in support of resort operator EPR Resorts, previously referred to as EPT Concord. The organization looks after the construction and procedure for the Montreign Resort into the Adelaar area in nyc that would host the Montreign Casino. The court ruling ended up being against real-estate developer Louis Cappelli and Concord Associates.

Back 1999, the designer's Concord Associates bought a site that is 1,600-acre to build a casino resort. In 2007, the entity needed money of $162 million, which it borrowed from the former EPT. In order to secure its loan, it utilized the greater part of its property as security.

Although Concord Associates did not repay its loan, it may proceed featuring its arrange for the launch of the casino but for a smaller slice for the formerly bought web site. Yet, it had to invest in its development by way of a master credit contract, under which any construction loan needs been fully guaranteed by Mr. Cappelli himself.

Concord Associates failed in this, too, plus in 2011 proposed to issue a bond that is high-yield $395 million. EPT refused and Concord Associates brought the matter to court arguing that their proposal complied with the contract between the two entities.

EPT, on the other hand, introduced its plans that are own the establishment of a casino resort. The gambling center is usually to be run by gambling operator Empire Resorts.

A

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